Which of the following are cost estimating methods recommended by NRM1? Cost per m2 Work package Functional unit Elemental cost planning Elemental

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The cost estimating methods recommended by NRM1 (New Rules of Measurement) are:

Cost per m2: This method estimates the cost based on the total area of the project. It's a simple and quick method, but it may not be very accurate as it doesn't take into account the complexity or quality of the pro Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI

This problem has been solved

Similar Questions

These are part of the Techniques for Estimating Project Costs, except:*A. Three-Point EstimationB. Analogous EstimationC. Direct Labor Expense

Expenditures for acquisition of raw materials for your products are a part of which Costing type?1 puntoDirect CostIndirect CostStaff CostMaterial Cost

Which type of project cost estimate is the most accurate?a.Order of magnitudeb.Preliminaryc.Conceptuald.Definitive

COST-BENEFIT ANALYSIS IS PERFORMED DURINGQuestion 10Answera.Maintenance b.Feasibility study phasec.Implementation phased.Analysis phase

Describe the main steps of prcject cost management process. Clearly state the input andoutput of each step of the cost management proces s. (6 Marla)

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.